In case of further escalation,…
When policymakers both here and…
Tesla is laying off over…
Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,079…
A day after the American Petroleum Institute’s weekly inventory estimate slowed down the price decline in West Texas Intermediate, the Energy Information Administration dampened optimism by reporting a…
Goldman Sachs expects the heightened oil price volatility that began last week to continue into the next few weeks, the investment bank said in a note to clients…
Oil prices collapsed on Tuesday for the second time in a week. During midday trading, WTI fell below $55 per barrel and Brent dropped below $65 per barrel. Both benchmarks…
Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear…
Oil industry executives are surely pleased with themselves this year, with both large and small companies reporting improved financials after years of struggling. A Reuters survey finds a significant…
Wood Mackenzie isn’t pulling any punches. “The warning signs are there – the industry isn’t finding enough oil.” And its latest report continues in the same ‘spade is a spade’…
Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide. (Click to…
Saudi Aramco has changed its mind about a bond sale of about US$40 billion that would have funded the bigger part of its planned acquisition of a majority stake in…
OPEC will very likely agree to cut oil production at its upcoming meeting in early December, although the size of the cuts is yet to be decided, Ahmed al-Kaabi,…
Crude oil stockpiles in China rose by 29.09 million barrels last month from a month before and are likely to continue up, S&P Global Platts calculations have suggested. The…
Albertan oil producers need to become warier of overbooking already filled to capacity oil pipelines creating what’s commonly called “air barrels” as these contribute to the huge discount Canadian crude…
Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year…
Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place…
While OPEC is considering cutting oil production again, the executive director of the International Energy Agency (IEA), Fatih Birol, called on Monday for ‘common sense’ because fresh cuts could have…
Refineries are producing excessive amounts of gasoline in a bid to cope with strong demand for diesel, Reuters’ John Kemp wrote in a recent column. As a result, gasoline…
Russia’s energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the OPEC/non-OPEC meeting in early December, Energy…
A Tampa, Florida based options trading firm, OptionSellers, went dark this weekend after it informed its clients of a “catastrophic loss event,” resulting from a short squeeze on the…
After declining by more than 20 percent from the October peak, oil prices are showing some signs that they have now bottomed out. WTI hit a low point at $56…
It was a record setting week in the energy complex with crude oil posting one of its biggest declines since the price collapse in 2014 and natural gas posting back-to-back…